Advertisement

Udoma: FG has released N460bn out of N9.12trn 2018 budget

Udoma: FG has released N460bn out of N9.12trn 2018 budget
October 10
11:17 2018
Advertisement

Udoma Udo Udoma, minister of budget and national planning, says the federal government has released N460 billion as part of the funds for the implementation of the 2018 budget.

Addressing journalists on Wednesday on the sidelines of the ongoing annual meetings of the World Bank Group and International Monetary Fund in Bali, Indonesia.

“N460 billion has been released for the 2018 budget,” he said.

“The president has sent a  request to the national assembly to support borrowing for the 2018 budget. The national assembly has been on recess for more than two months, they didn’t do it before they left so now that they are back and they approve the borrowing plan, we will move quickly.”

The minister said there is a lot of good news to tell investors about investors.

“We expect that by the end of this year, we will be growing by 2.1%, things are going well in Nigeria, not as well as we want to be, we are working hard to improve things.

“We are in a stronger position than 2015. Our foreign reserves are $44 billion and we have a trading surplus whilst our imports are not increasing, we have been able to manage those imports. All the indices are positive.”

RECEIVE ALERTS FROM THECABLE

WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2019 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement
Advertisement

Exchange Rates

November 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement